JPMorgan’s brokerage clientele lifted their bets on bitcoin within the third quarter, with the financial institution — in a regulatory submitting Friday — disclosing possession of 5.284 million shares of BlackRock’s iShares Bitcoin ETF (IBIT) as of Sept. 30.
These shares had been price $343 million as of the top of the quarter. The financial institution held 3.2 million shares price $302.6 million as of the top the second quarter.
The financial institution earlier this week put out a bullish observe on bitcoin, suggesting the worth might attain $170,000 inside 12 months from the present $102,000.
Correction (Nov 7, 2025, 19:10 UTC): An earlier model of this story urged the financial institution owned IBIT for its personal account.